Dairy giant Müller has confirmed that its milk price will remain unchanged at 27.50p per litre for a standard litre from February 1, 2019.
This means that Müller Direct farmers who satisfy the conditions for the Müller Direct Premium 2019 will receive 28.00ppl on their qualifying litres.
Farmers who opted to use a volatility busting Müller Fixed Price Contract Option introduced earlier this year will also see returns for milk supplied to the company maintained at 28.00ppl.
More than a third of the 700 Müller Direct farmers committed up to half of their milk supply to the Müller Direct Fixed Price contract option which sees
this 28.00ppl milk price maintained regardless of market conditions.
The move is one of a number of measures introduced by Müller to provide stability in a sector which continues to experience high levels of market volatility and unpredictability.
Rob Hutchison, Milk Supply Director said: “In the current environment, characterised by supply and demand changes which are affecting the
value of commodities like butter and cream, we are pleased to be able to keep our standard litre milk price unchanged for the month of February.
“In markets which remain hard to predict, the Müller Fixed Price Contract is showing its value.
“Farmers who opted to hedge a portion of their milk supply against this contact option know that they have significant protection from this volatility,” he said.
The announcement follows news of Müller decreasing its January milk price.
